FDIC Insurance Coverage: Six Tips Small Business Owners Need To Know
Source: American Bankers Association
Stress on the U.S. economy is affecting the nation's 26,000 small businesses, creating the toughest operating environment in decades. In order to survive and compete, small business owners need to know which assets deposited into banks are - and aren't - protected by the Federal Deposit Insurance Corporation (FDIC). Robert C. Seiwert, SVP of the American Bankers Association's Center for Commercial Lending and Business Banking, advises small business owners to make sure that their bank is FDIC insured.